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SPAC Aquaron to merge with Chinese hydrogen vehicle developer Bestpath (AQU)

by Index Investing News
March 28, 2023
in Markets
Reading Time: 1 min read
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SPAC Aquaron Acquisition Corp. (NASDAQ:AQU) has agreed to merge with Bestpath IoT Technology, a Chinese developer of hydrogen fuel cell-powered vehicles.

The deal values the combined company at an initial equity value of around $1.2B. 

Aquaron held its initial public offering in October, raising approximately $50M to seek out a business combination in the new energy sector.



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Tags: AQUAquaronBestpathChineseDeveloperhydrogenMergeSPACvehicle
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